What is self-employment tax?
Quick Answer
Self-employment tax is FICA tax for the self-employed: 15.3% on net SE income (12.4% Social Security + 2.9% Medicare). It's in addition to federal income tax. Half is deductible above-the-line.

Warren Team
Updated October 26, 2025
32
Warren Team
Updated October 26, 2025
32
Important Disclaimer:
The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.
Get Personalized Advice
Schedule a free 15-minute consultation with our fiduciary advisors
Book Free Consultation